India’s Residential Market Set for Improved Affordability in 2025, Driven by Interest Rate Cuts

JLL’s Home Purchase Affordability Index forecasts improved affordability across India’s key residential markets by 2025, driven by a projected interest rate cut. Mumbai and Pune are nearing optimal affordability, while Kolkata will maintain its position as the most affordable market. Residential sales are set to hit record levels in 2024 and 2025, driven by rising household incomes and a potential decline in interest rates.

Rising Construction Costs to Push Home Prices Highe

Construction costs in India have surged by up to 11% in 2024, primarily due to rising labour expenses. Homebuyers can expect higher property prices, particularly in the residential sector, as developers adjust to increased building costs.

MMR’s Housing Boom Defies Rising Property Prices

The residential real estate market in Mumbai Metropolitan Region (MMR) has witnessed…

Amidst disruptions, residential housing prices rose by 4%

Amidst disruptions, residential housing prices rose by 4% YoY in Q1 2022…

Realty Prices May See A Hike Here’s The Reason Why

Realty prices may go up many developers and advisory firms have predicted…